Cooperstown Environmental Is Top Firm In Massachusetts Brownfields Tax Credits

June 19, 2012 - PRLog -- ANDOVER, MA – A recently published report on state tax credits showed that nearly two-thirds of the recipients of Massachusetts Brownfields Tax Credits in 2011 were clients of Cooperstown Environmental LLC.

The Massachusetts Department of Revenue (DOR) earlier this month released its first-ever Tax Credit Transparency Report, listing recipients and amounts awarded under each of thirteen state tax credit programs, including the Film Tax Credit, the Historic Rehabilitation Credit, the Dairy Farmer Credit, and several others.

The report showed that the state granted 80 Brownfields Tax Credits in 2011, and nearly two-thirds of the successful applications were prepared and submitted by Cooperstown Environmental LLC, the Andover-based environmental engineering consulting firm which developed an expertise in the Brownfields credit market several years ago and has since completed more than half of all the successful credit applications over the past five years. In fact, Cooperstown Environmental has completed more successful credit applications in the last five years than everyone else combined

The Massachusetts Brownfields Tax Credit program was created in 1998 to help spur the cleanup and redevelopment of contaminated commercial and industrial properties throughout the state. It offers a rebate, in the form of a tax credit, of up to half the cost of responding to contamination in economically distressed areas. Only property owners who are “Eligible Persons” – which the law defines as parties who did not cause or contribute to the contamination nor who owned or operated the property at the time of the contamination – can recover a portion of their costs.

James T. Curtis, President of Cooperstown Environmental LLC, stated “The tax credits are transferable and can be sold to third-party investors, meaning even not-for-profits and people with limited tax appetites can recover cash through the program. Any organization or individual who has completed a cleanup since 1998 should assess its eligibility”.


About Cooperstown Environmental LLC

Cooperstown Environmental LLC is an environmental engineering consulting firm based in Andover, Massachusetts that provides high-quality, practical, and cost-effective engineering and environmental consulting services to businesses, property owners, institutions, government agencies, and the legal community. We also are an acknowledged authority on the Brownfields Tax Credit program. The program began in 1998 as part of an effort to encourage and provide an incentive for the cleanup of contaminated sites, sometimes known as Brownfield sites, by allowing environmental costs to be recovered.
http://www.Cooperstownenv.com or http://www.BrownfieldsTaxCredit.com